AUSTIN, Texas, Sept. 2 /PRNewswire/ -- NetSpend Corporation, one of the premier providers of prepaid debit cards in the United States, has entered into an agreement with Axcess Financial, a leader in consumer financial solutions. The alliance creates the NetSpend Axcess(R) Prepaid MasterCard(TM) (the Axcess Card), a general purpose reloadable prepaid debit card, and enables the Axcess Card and the NetSpend National Savings Program to be available to thousands of customers across the country through Axcess Financial's distribution channels.
Axcess Financial is a respected leader in the financial services industry that empowers consumers with financial solutions. Through multiple professional affiliations, the company provides a wide range of convenient, approachable financial products that improve consumers' financial situations by meeting their lifestyle and budgetary needs. Axcess Financial products are distributed through multiple channels, including online, internationally and more than 1,300 Check 'n Go retail locations in 30 states.
A pilot program launched August 25, 2008, making the Axcess Card and the NetSpend National Savings Program available to customers at more than 200 Check 'n Go locations in Ohio, Tennessee, Michigan and Kentucky. The program is planned to roll out to remaining locations later this year in accordance with applicable state laws and regulations. Customers with a minimum load amount will receive their Axcess Card at no additional cost. Information about card purchase and reload costs will be available at participating pilot locations. Axcess Cards will be issued by Inter National Bank, member FDIC.
"We are thrilled that Axcess Financial Services has decided to extend the NetSpend Axcess Prepaid MasterCard and the accompanying NetSpend National Savings Program to its customers," said NetSpend Chief Executive Officer Daniel R. Henry. "Our products have greatly served the underbanked population, and we are excited to extend their reach through Axcess Financial Services' distribution channels, including Check n' Go locations across the country."
"We chose to work with NetSpend for its industry leadership and expertise," said Doug Clark, COO, Axcess Financial Services. "The Axcess Card is a great additional product option for our existing customers and helps to attract new customers seeking convenient financial tools to meet their busy lifestyles."
About NetSpend Corporation
NetSpend Corporation is one of the premier providers of innovative, accessible prepaid debit cards that enable financial freedom for under-banked consumers. Grounded by a mission of financial empowerment, NetSpend is committed to meeting its customers' financial services needs on their terms while offering the convenience, security and acceptance of conventional financial services. NetSpend's proprietary processing platform allows it to support prepaid card programs end-to-end from customer acquisition and card fulfillment to customer service and risk management. The NetSpend(R) Prepaid Card Network includes leading consumer brands and companies serving the un-banked and under-banked markets, and its strategic relationships include card issuers, EFT networks and payment card associations. For more information, visit http://www.netSpend.com.
About Axcess Financial
Headquartered in Cincinnati, Axcess Financial is a respected leader in the financial services industry that empowers consumers with financial solutions. Through multiple professional affiliations, they provide a wide range of convenient, approachable financial products that improve the consumers' financial situation by meeting their lifestyle and budgetary needs. For more information, visit http://www.axcess-financial.com.
About Inter National Bank
Although the McAllen, Texas-based bank is relatively young, having been founded in 1985, it has staked a position as a strong leader in the banking industry. In fact, in 2002 the American Bankers Association's ABA Banking Journal named Inter National Bank the top performing non-Subchapter S bank in the nation with assets between $100 million and $1 billion. For more information, visit http://www.inbweb.com.
Contacts:
Meghan Butler
Cohn & Wolfe Read-Poland for NetSpend Corporation
(512) 472-4122
Jeff Kursman, Director of Public Relations
Axcess Financial Services
(513) 229-6843
Website: http://www.netSpend.com/
Website: http://www.axcess-financial.com/
Website: http://www.inbweb.com/